First Instalment. The first instalment amounting to United States Dollars Three Million Seven Hundred Thousand only (US$3,700,000) shall be due and payable within five (5) banking days from the date of receipt of the original Refund Guarantee as per Exhibit “A” issued by a first Korean bank acceptable to the Buyer and/or Buyer’s bank, by the Buyer. The Refund Guarantee may be issued by means of an authenticated swift message to the Buyer’s nominated bank in which case payment shall be made within five (5) banking days of receipt of such swift message by the Buyer’s bank.
First Instalment. 6.1.1. At any time which is no earlier than 5 Business Days after satisfaction of the Condition Precedents, the Grant Recipient shall be entitled to apply for the payment of the First Instalment of the Grant. In submitting an application pursuant to this Clause 6.1.1 the Grant Recipient is deemed to represent and warrant to the Council that:
First Instalment. Five Hundred Fifty Million Japanese Yen (JPY550,000,000.-) shall be due and payable upon the later of (i) the execution of this Contract and the Performance Guarantee relating hereto by all parties; and (ii) the date of delivery of the original letter of Refund Guarantee specified in Article X hereof to the Buyer at its address as set out in Article XVIII.
First Instalment. The Parties agree unanimously that subject to the performance of the liabilities under Article 12 by the Vendor, the first installment of the Equity Transfer Price, that is USD equivalent of RMB35,000,000 payable hereunder (“First Instalment”) will be paid within 10 Working Days after the execution of this Agreement to an account designated by the Vendor. (A USD account at the Bank of China (Hong Kong) Limited under the names of Xx. Xxx Shenfang and Xx. Xxx Minxuan, of which account number is 01259592044392; A HKD account at the Bank of China (Hong Kong) Limited under the names of Xx. Xxx Shenfang and Xx. Xxx Minxuan, of which account number is 01259510088752)
First Instalment. Ten per cent (10%) of the Contract Price, being Eight Million Four Hundred Thousand U.S. Dollars, (US$ 8,400,000) shall be paid within three Banking Days of the Execution Date. SECOND INSTALMENT: Ten per cent (10%) of the Contract Price, being Eight Million Four Hundred Thousand U.S. Dollars, (US$ 8,400,000) shall be paid within three Banking Days from receipt by the Purchaser of a telefax notice from the Builder attaching a Stage Certificate in the form of the draft attached as Appendix V, countersigned by an Authorised Representative (or, in default thereof, the Classification Surveyor), certifying that Builder has placed the orders for the major equipment, herein defined as the Main Engines, the Thrusters, and the Electrical Integration Subcontract.
First Instalment. A 2.5 per cent increase in the salaries prescribed for all Employees covered by the Agreement, as set out in Schedule 1 shall be effective from 01/07/2020 (“First Instalment”).
First Instalment. Upon lodgement of the Agreement with the Office of the Employment Advocate (Workplace Authority), a retrospective increase in base rates of 4%, (as per column Rate Increase 1 at Appendix B), will be made from the beginning of the first full pay period in November 2006.
First Instalment. Within 5 Business Days from the date the condition precedent (as described in paragraph (e) above) is fulfilled, Morefit shall pay to SBA RMB45,000,000 (equivalent to approximately HK$42,401,000) (“First Instalment”) comprises RMB15,000,000 (equivalent to approximately HK$14,134,000) being the full consideration for the sale and purchase of the Sale Shares and RMB30,000,000 (equivalent to approximately HK$28,267,000) being part of the consideration for the assignment and transfer of the Shareholder’s Loan.
First Instalment. A 1 per cent per annum increase in wages shall be granted to all employees of Swan Hill Rural City Council, as from the first full pay period to commence on or after 1 July 2021.
First Instalment percent of the Contract Only shall be due and payable within Five (5) business days of Contract signing and after receipt of faxed copy of the signed Corporate Guarantee, or within Two (2) business days of receipt of the original Corporate Guarantee, whichever is the later. The Corporate Guarantee will be in the form as per Exhibit H.
